BIS suspends dividend to prepare for further Covid-19 strains

BIS will not pay dividend for first time since 1950, as senior managers see further turbulence ahead

Agustín Carstens
Agustín Carstens has driven the ‘Innovation BIS 2025’ strategy
Photo: BIS

The Bank for International Settlements says it has coped well with the coronavirus pandemic, but it has chosen not to pay a dividend for the first time since 1950.

The Covid-19 crisis has tested the BIS’s innovation strategy and put severe pressure on its banking department, it says in its annual report. The pandemic reached the BIS’s Hong Kong office first, where workers moved to split teams in late January. Staff in Basel and Mexico moved to split teams in March, but soon the majority of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.